FBI Creates NexFundAI Token

This is a news story, published by Verge, that relates primarily to FBI news.

crypto trading & speculation news

For more crypto trading & speculation news, you can click here:

more crypto trading & speculation news

Verge news

For more news from Verge, you can click here:

more news from Verge

About the Otherweb

Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like crypto trading & speculation news, you might also like this article about

FBI

. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest fraudulent proceeds news, market makers news, crypto trading & speculation news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!

prosecutors

Verge

•

The FBI secretly created a coin to investigate crypto pump-and-dump schemes

Summary

Nutrition label

69% Informative

The FBI created a cryptocurrency as part of an investigation into price manipulation in crypto markets.

NexFundAI was created with the help of “cooperating witnesses” The Securities and Exchange Commission charged three “market makers” and nine people for allegedly engaging in schemes to boost the prices of certain crypto assets.

The Department of Justice charged 18 people and entities for “widespread fraud and manipulation”.

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech